Global Truck Market Overview 2019

Truck Market Size

The global truck market revenue amounted to $X in 2018, growing by X% against the previous year. In general, the total market indicated a remarkable expansion from 2013 to 2018: its value increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, truck consumption increased by +X% against 2013 indices. The pace of growth appeared the most rapid in 2017 when the market value increased by X% against the previous year. Over the period under review, the global truck market attained its maximum level in 2018 and is expected to retain its growth in the near future.

Truck Production

In value terms, truck production amounted to $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. In that year, global truck production attained its peak level of $X, and then declined slightly in the following year.

Production By Country

The countries with the highest volumes of truck production in 2018 were China (X units), Thailand (X units) and Mexico (X units), with a combined X% share of global production.

From 2013 to 2018, the most notable rate of growth in terms of truck production, amongst the main producing countries, was attained by Thailand, while the other global leaders experienced more modest paces of growth.

Truck Exports

Exports 2007-2018

In 2018, the amount of trucks exported worldwide amounted to X units, falling by -X% against the previous year. Over the period under review, the total exports indicated a prominent increase from 2013 to 2018: its volume increased at an average annual rate of +X% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, truck exports increased by +X% against 2014 indices. The pace of growth appeared the most rapid in 2017 with an increase of X% year-to-year. In that year, global truck exports attained their peak of X units, and then declined slightly in the following year.

In value terms, truck exports totaled $X in 2018. The total export value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed over the period under review. The most prominent rate of growth was recorded in 2016 with an increase of X% year-to-year. The global exports peaked at $X in 2017, and then declined slightly in the following year.

Exports by Country

In 2018, Thailand (X units) represented the major exporter of trucks, generating X% of total exports. Mexico (X units) ranks second in terms of the total exports with a X% share, followed by the U.S. (X%). Germany (X units), France (X units), Turkey (X units), Italy (X units), Spain (X units), Japan (X units), Belgium (X units), South Africa (X units) and Argentina (X units) followed a long way behind the leaders.

Thailand was also the fastest-growing in terms of the trucks exports, with a CAGR of +X% from 2013 to 2018. At the same time, Belgium (+X%), Mexico (+X%), Turkey (+X%), France (+X%) and Italy (+X%) displayed positive paces of growth. The U.S. and South Africa experienced a relatively flat trend pattern. By contrast, Germany (-X%), Argentina (-X%), Spain (-X%) and Japan (-X%) illustrated a downward trend over the same period. Thailand (+X p.p.), Mexico (+X p.p.) and France (+X p.p.) significantly strengthened its position in terms of the global exports, while Spain and Japan saw its share reduced by -X% and -X% from 2013 to 2018, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X), the U.S. ($X) and Germany ($X) were the countries with the highest levels of exports in 2018, together accounting for X% of global exports. These countries were followed by Thailand, France, Japan, Spain, Italy, Turkey, Belgium, Argentina and South Africa, which together accounted for a further X experienced the highest growth rate of exports, in terms of the main exporting countries over the last five years, while the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average truck export price amounted to $X thousand per unit, picking up by X% against the previous year. In general, the truck export price, however, continues to indicate a drastic contraction. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% y-o-y. In that year, the average export prices for trucks attained their peak level of $X thousand per unit. From 2015 to 2018, the growth in terms of the average export prices for trucks remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X thousand per unit), while Thailand ($X thousand per unit) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by Spain, while the other global leaders experienced more modest paces of growth.

Truck Imports

Imports 2007-2018

In 2018, approx. X units of trucks were imported worldwide; increasing by X% against the previous year. Over the period under review, truck imports continue to indicate a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, global truck imports reached their maximum in 2018 and are expected to retain its growth in the near future.

In value terms, truck imports stood at $X in 2018. The total import value increased at an average annual rate of +X% over the period from 2013 to 2018; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2017 with an increase of X% year-to-year. Over the period under review, global truck imports attained their peak figure in 2018 and are likely to see steady growth in the immediate term.

Imports by Country

The Philippines represented the largest importer of trucks in the world, with the volume of imports reaching X units, which was approx. X% of total imports in 2018. The U.S. (X units) ranks second in terms of the total imports with a X% share, followed by Canada (X%). Australia (X units), France (X units), the UK (X units), Germany (X units) and Belgium (X units) occupied a relatively small share of total imports.

The Philippines was also the fastest-growing in terms of the trucks imports, with a CAGR of +X% from 2013 to 2018. At the same time, Canada (+X%), the U.S. (+X%), the UK (+X%), France (+X%), Australia (+X%), Belgium (+X%) and Germany (+X%) displayed positive paces of growth. While the share of the Philippines (+X p.p.), the U.S. (+X p.p.) and Canada (+X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the U.S. ($X) constitutes the largest market for imported trucks worldwide, comprising X% of global imports. The second position in the ranking was occupied by Canada ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2013 to 2018, the average annual rate of growth in terms of value in the U.S. totaled +X%. The remaining importing countries recorded the following average annual rates of imports growth: Canada (+X% per year) and France (+X% per year).

Import Prices by Country

The average truck import price stood at $X per unit in 2018, coming down by -X% against the previous year. Overall, the truck import price continues to indicate a deep deduction. The most prominent rate of growth was recorded in 2018 when the average import price decreased by -X% y-o-y. The global import price peaked at $X per unit in 2013; however, from 2014 to 2018, import prices failed to regain their momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2013 to 2018, the most notable rate of growth in terms of prices was attained by the UK, while the other global leaders experienced a decline in the import price figures.

This report provides an in-depth analysis of the global truck market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Country coverage:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

1. How to diversify your business and benefit from new market opportunities

2. How to load your idle production capacity

3. How to boost your sales on overseas markets

4. How to increase your profit margins

5. How to make your supply chain more sustainable

6. How to reduce your production and supply chain costs

7. How to outsource production to other countries

8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.